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Current as of January 01, 2025 | Updated by Findlaw Staff
A majority of the incorporators or initial directors of a corporation that has no members and has not commenced business, subject to any approval required by the articles or bylaws, may dissolve the corporation by delivering to the department director articles of dissolution that set forth:
(1) The name of the corporation;
(2) The date of its incorporation;
(3) That the corporation has no members and that the corporation has not commenced business;
(4) That a plan of dissolution, indicating to whom the assets owned or held by the corporation shall be distributed after all creditors have been paid, has been adopted; and
(5) That a majority of the incorporators or initial directors authorized the dissolution.
Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 414D-241 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-414d-241/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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